All businesses covered by the Money Laundering Regulations 2007 are required to have suitable anti-money laundering controls in place. The FCA makes further demands of the firms it regulates, requiring measures to prevent financial crime. Whilst many businesses adopt necessary controls at point of acquisition, existing customers are sometimes overlooked. CallVerify makes this potentially huge task simple and hassle-free.

Reducing the need for manual validation, CallVerify checks records against a number of positive and negative databases and gives you back a pass or fail result for each customer.

If you currently require existing customers to re-identify themselves when they apply for a new product, CallVerify can remove this customer intrusion by retrospectively verifying your entire customer base. This improves customer experience and subsequently increases customer retention and acquisition.